Andrew Mutuku

Andrew is a student at Strathmore. This is his story.
My name is Andrew; I take this opportunity to apply for the KIVA Loan, having done the Strathmore University Entrance Exam and passed. I am the firstborn in a family of three. Both of my siblings are in schools, one in high school four and the other in primary. My parents work as peasant farmers in the dry lands of Kitui County. In my district there are only a few who have managed to study up to the University Level, mainly due to lack of financial capabilities. I completed secondary education in 2012 emerging as the second best in the K.C.S.E Exams in my school. I want to study Bachelor of Commerce (BCOM) as I dream of becoming an accountant. In future, am willing to help other needy people in the society without favor irrespective of the community they emerge from. In future, I am ready to hold hands with the Strathmore Fraternity through the KIVA Loan Scheme, to help more students benefit from this noble Course.

Additional Information

More information about this loan

While the disbursal date for this loan is listed as November 10, no money has actually been disbursed. Rather, November 10th is the start date for the next semester. This student will not receive their loan until it has been fully funded on Kiva.

Important Information

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit.

Strathmore University is one of the leading private chartered universities in Kenya, and is a privately owned, not for profit institution. Originally established in 1961 as an Advanced-level Sixth Form College with inspiration and encouragement from Saint Josemaria Escriva, founder of Opus Dei, Strathmore University started offering degrees in 2002 before becoming fully chartered in 2008.

Strathmore University is a non-traditional Field Partner, in that they are an educational institution, not a microfinance institution. Lenders to these loans should be aware of the following:

1 - You might not begin to receive repayments on this loan for many years, and this loan may have terms as long as 11 years. The full-tuition loans administered by Strathmore University can have loan terms of up to 11 years, which includes a grace period of up to 5 years. The grace period includes the time during which the student is enrolled at the university, and the first year after graduation. During the grace period, the borrower is not required to make any repayments, and you would not receive any repayments. Please be sure the loan terms and repayment schedule of this loan suit you.

2 - Administering loans is a new activity for Strathmore University, which can increase the risk on this loan. While most Kiva Field Partners are microfinance institutions and therefore experienced at administering loans, Strathmore University's core business is providing education, and they are inexperienced at administering loans. This partner has passed Kiva's due diligence requirements for a non-traditional Field Partner, however lenders to this loan should be aware that this loan carries some additional risk as Strathmore University becomes more experienced with administering loans to students.

For more information on Strathmore University, and the Kiva loans they are administering, please visit the Field Partner page.